Microsoft Co. (NASDAQ:MSFT) Shares Sold by REDW Wealth LLC

REDW Wealth LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,352 shares of the software giant’s stock after selling 801 shares during the period. Microsoft accounts for about 1.4% of REDW Wealth LLC’s holdings, making the stock its 17th biggest holding. REDW Wealth LLC’s holdings in Microsoft were worth $5,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Iron Horse Wealth Management LLC increased its stake in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Microsoft during the third quarter valued at about $87,000. Family CFO Inc lifted its holdings in shares of Microsoft by 13.6% in the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after acquiring an additional 43 shares during the last quarter. Cordant Inc. raised its holdings in shares of Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares during the period. Finally, Life Planning Partners Inc purchased a new position in shares of Microsoft in the fourth quarter valued at approximately $146,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,025,258 shares of company stock worth $12,160,356 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 2.2 %

Shares of MSFT stock opened at $406.66 on Friday. The firm has a market cap of $3.02 trillion, a P/E ratio of 35.21, a PEG ratio of 2.09 and a beta of 0.89. The firm’s 50-day simple moving average is $413.76 and its 200-day simple moving average is $389.54. Microsoft Co. has a 1-year low of $303.40 and a 1-year high of $430.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the previous year, the business earned $2.45 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Co. will post 11.76 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Sanford C. Bernstein lifted their target price on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Barclays lifted their price target on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. increased their target price on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Morgan Stanley raised their target price on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, UBS Group restated a “buy” rating and issued a $480.00 target price on shares of Microsoft in a report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.